Technical Analysis

Nasdaq 1.9% from the all time high The major indices are all closing higher and near highs for the day/week. The S&P and Dow industrial average both closed at record highs. The NASDAQ index is just under 2% away from the all time high.   The major indices also closed higher for the week with the NASDAQ index leading the charge at
German Dax closes at a new record. France’s CAC just off all time highs. The European major indices are ending the session higher with the German Dax closing at a record level. France’s CAC is stalled just ahead of its all time high today. A snapshot of the levels shows: German Dax, +0.7% France’s CAC, +0.59% UK FTSE 100, +0.35%
100 hour moving average, 100 day moving average and 200 hour moving average tested on the AUDUSD. The AUDUSD is down trading at new session highs after erasing earlier declines that saw the pair move to the lowest level since December 2020.   The rise has now taken the price up to a cluster of moving average levels including the 100